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On the block: Major downtown building listed for sale

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A pair of Idaho-based owners hopes to sell a so-called ‘trophy’ building in Downtown Boise.

Colliers International listed the eight-story 9th and Idaho building late last year – but put out a call for offers due next Tuesday, October 13th. The listing price stands at just less than $18.9 million according an offering flier.

The building last sold in 2015 to MMDM5 LLC, controlled by Jeff and Harold McNee of Sun Valley, according to Ada County property records and State of Idaho business filings.

The building includes 87,649 square feet of space. It includes retail tenants including Paddles up Poké and Mixed Greens, as well as seven floors of office, including space for Merril Lynch.

The building first went up in 1999 and changed hands several times over the years. MMDM5’s Jeff McNee said at the time they bought the building in 2015 that they hoped to be “long-term holders.”

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9th and Idaho is the latest in a series of high-profile buildings downtown to hit the market or change hands in recent years. The Hoff Building, Bodo, The Owyhee and City Center Plaza all picked up new owners – with the first three going to Hendricks Commercial Properties. Seattle’s Laird Norton purchased City Center Plaza from Gardner Co., adding the US Bank Building and Clearwater Building to its holdings.

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Don Day
Don is the founder and editor of BoiseDev. He is a National Edward R. Murrow Award winner and a Stanford University John S. Knight Fellow.

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